Garland ISD, Texas, organizes $185.35 million school, refunding bonds

By Sheri Kasprzak

New York, May 15 – The Garland Independent School District of Texas is on tap to price $185.35 million of series 2015A unlimited tax school building and refunding bonds on Tuesday, according to a preliminary official statement.

The bonds (Aaa//AA+) will be sold on a negotiated basis with Citigroup Global Markets Inc. and Frost Bank as the lead managers. The co-managers are J.P. Morgan Securities LLC, Oppenheimer & Co., RBC Capital Markets LLC and Wells Fargo Securities LLC.

The bonds are due 2017 to 2035.

Proceeds will be used to construct, equip, acquire and improve school buildings in the district and to refund the district’s series 2005 school building bonds.

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